EagleTree Capital acquire majority stake in CORSAIR by paying $525 Million

CORSAIR is a world-renowned computer hardware manufacturer which specializes in high-end PC components. EagleTree Capital, the venture capital firm behind Hyperloop One, has acquired majority ownership of CORSAIR by paying $525 Million for its shares and debt. Essentia’s founder Howard Marks was also involved as an investor.

EagleTree Capital has acquired a majority stake in CORSAIR by paying $525 Million. EagleTree is the parent company of a range of companies that provide services to the financial industry, including investment management and trading platforms.

EagleTree Capital acquire majority stake in CORSAIR by paying 5 Million

EagleTree Capital, previously known as Wasserstein Partners, has reached an agreement with Francisco Partners and other minority shareholders to buy a controlling position in CORSAIR. Corsair will also be co-invested in by the Investment Management Corporation of Ontario (IMCO) and the Honeywell Pension Fund. Andy Paul, the business’s founder and CEO, would retain a significant ownership investment in the company and remain as CEO, according to the corporate statement.

Corsair is also backed by the Investment Management Corporation of Ontario (IMCO) and the Honeywell Pension Fund. Andy Paul, the business’s founder and CEO, would retain a significant ownership investment in the company and remain as CEO, according to the corporate statement.

EagleTree-Capital-acquire-majority-stake-in-CORSAIR-by-paying-525

“In the PC gaming business, this is a watershed moment. PC gaming has become one of the world’s most dynamic sectors, thanks to a fast rising worldwide player population, as well as the emergence of eSports and streaming,” stated George Majoros, Jr., Co-Managing Partner of EagleTree. “CORSAIR is the unchallenged leader in PC gaming hardware, with a strong brand founded on quality, innovation, and an unshakable devotion to its devoted fans.” We’re excited to collaborate with Andy and CORSAIR’s excellent management team to keep the firm focused on breakthrough products, grow into new markets, and explore strategic deals.”

CORSAIR, a worldwide pioneer in high-performance PC components, gaming peripherals, and enthusiast memory, was founded in 1994. From a single high-performance memory product line to a prominent worldwide producer of high-performance branded computer goods, including memory, components, peripherals, and entire systems, the firm has developed rapidly.

CORSAIR now offers a comprehensive range of premium PC gaming products to the fast-growing PC gaming sector, with items accessible via distributors and retailers in more than sixty countries.

“EagleTree’s backing will allow us to continue to focus first and foremost on our loyal and passionate customers, and accelerate our investment in innovation and new technology and products to enhance the quality experience that enthusiasts and gamers have come to expect from us,” said Andy Paul, Founder and CEO of CORSAIR.

Subject to normal closing conditions, the deal is anticipated to conclude in the coming months.

The “corsair eagletree ownership” is a merger that has been announced recently. EagleTree Capital acquired majority stake in CORSAIR by paying $525 Million for the company.